Yitzi Chopp Acquires Mixed-Use Property In Soundview, Bronx For $1.5M
408 Soundview Avenue, Bronx, NY, USA
$1,500,000
$137/SF
Building Size
10,950 SF
Asset Type
Mixed-use
Closing
Mar 25, 2019
AI
A mixed-use property located at 408-412 Soundview Ave in Soundview, Bronx has been sold for a price of $1,500,000. The property spans 10,950 square feet and was purchased by Yitzi Chopp. The sale took place on March 26, 2019, and the property is situated in the Soundview market.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $1,500,000
- Address: 408-412 Soundview Ave
- Market: Soundview, Bronx
The seller of the property was Chantal Thomas. Representing the buyer in the transaction was Yitzi Chopp. The brokers involved in the deal were Josh Neustadter, Jon Squires, Michael Fioravanti, and Addison Berniker.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93